Talos Energy (NYSE:TALO) Trading Down 5.5% - What's Next?

Key Points

• Talos Energy's stock dropped 5.5% to $9.68, with trading volume declining by 80% compared to its average session volume.
• Analyst ratings for Talos Energy vary, with a consensus target price of $14.25 and a recent downgrade to "sell" from Wall Street Zen.
• The company reported a revenue decline of 22.7% year-over-year, with quarterly earnings of ($0.27) per share surpassing estimates but falling short of revenue expectations.

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s stock price fell 5.5% on Monday . The company traded as low as $9.68 and last traded at $9.68. 450,047 shares traded hands during trading, a decline of 80% from the average session volume of 2,298,236 shares. The stock had previously closed at $10.24.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TALO. Wall Street Zen lowered shares of Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Capital One Financial began coverage on shares of Talos Energy in a research report on Monday, June 16th. They set an "overweight" rating and a $14.00 price target for the company. Finally, Mizuho reissued a "neutral" rating and set a $11.00 price target on shares of Talos Energy in a research report on Monday, September 15th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.

Talos Energy Stock Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $1.69 billion, a P/E ratio of -9.99 and a beta of 0.79. The business's 50-day simple moving average is $9.04 and its 200 day simple moving average is $8.53.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.06. The company had revenue of $424.72 million during the quarter, compared to analyst estimates of $443.53 million. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.Talos Energy's revenue was down 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. As a group, equities analysts predict that Talos Energy Inc. will post -0.44 earnings per share for the current year.

Insider Transactions at Talos Energy

In related news, Director Paula R. Glover sold 6,159 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total transaction of $59,680.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Virtus Fixed Income Advisers LLC bought a new position in Talos Energy in the 2nd quarter worth $25,000. GAMMA Investing LLC boosted its stake in shares of Talos Energy by 360.9% in the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock worth $31,000 after acquiring an additional 2,501 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Talos Energy by 134.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company's stock worth $32,000 after acquiring an additional 2,123 shares during the period. Parallel Advisors LLC boosted its stake in shares of Talos Energy by 2,601.0% in the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock worth $52,000 after acquiring an additional 5,124 shares during the period. Finally, Signaturefd LLC boosted its stake in Talos Energy by 571.3% in the 1st quarter. Signaturefd LLC now owns 5,612 shares of the company's stock worth $55,000 after purchasing an additional 4,776 shares during the period. Institutional investors own 89.35% of the company's stock.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.

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